Enhancing Belize's Shrimp Industry Through Clustering Strategies
BELIZE’S SHRIMP
BELIZE’S SHRIMP
INDUSTRY
INDUSTRY
The Value of a Clustering Strategy
Shrimp Farming in Belize
Shrimp Farming in Belize
The Shrimp Industry in Belize is
comprised of
- Five (5) Hatcheries
- Thirteen (13) Farms
- Three (3) Processing Plants
- The Industry is fully vertically
integrated – from maturation to value-
added processing
- Belize’s shrimp has penetrated export
markets all over the world including:
Spain, Italy, Portugal, France, Canada,
the USA, Mexico, Guatemala, Jamaica,
Trinidad, Barbados, just to name a few
The Challenge We Face in Belize: How do we Successfully
Develop and Sustain an Export Base in The Absence of Scale?
•
S
c
a
l
e
D
o
e
s
M
a
t
t
e
r
•
Belize’s production is
dwarfed by all of the
regional producers;
•
B
u
t
S
c
a
l
e
i
s
N
o
t
t
h
e
O
n
l
y
C
o
n
s
i
d
e
r
a
t
i
o
n
:
•
A) Consistent quality is highly
valued;
•
B
)
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t
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!
!
•
Identify your Competitive
Advantage
•
Working together makes a
difference. Our fortunes are
inextricably tied;
•
Compete Caribbean’s
Intervention can Make a
Material Difference
•
Access to Certification under
Aquaculture Stewardship
Council (ASC)
Key Take-Aways from our Clustering
Experience
1)
Agree on the
Industry’s/Cluster priorities
(Resources are limited);
2)
Recognize that our “real”
competition is not internal
but external (share
technology with each
other);
3)
Clustering will better
prepare the firms for some
of the fundamental current
and post-pandemic market
challenges.
Thank you!
Thank you!
Thank
you!
Belize's shrimp industry is a vital part of its economy, facing challenges in scaling production for exports. Emphasizing quality and identifying competitive advantages are key, along with capitalizing on niche markets and seeking certification. Clustering strategies can help firms collaborate, share resources, and tackle market challenges effectively, preparing for both current and post-pandemic scenarios.
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Presentation Transcript
BELIZES SHRIMP INDUSTRY The Value of a Clustering Strategy
Shrimp Farming in Belize The Shrimp Industry in Belize is comprised of - Five (5) Hatcheries - Thirteen (13) Farms - Three (3) Processing Plants - The Industry is fully vertically integrated from maturation to value- added processing - Belize s shrimp has penetrated export markets all over the world including: Spain, Italy, Portugal, France, Canada, the USA, Mexico, Guatemala, Jamaica, Trinidad, Barbados, just to name a few
The Challenge We Face in Belize: How do we Successfully Develop and Sustain an Export Base in The Absence of Scale? Scale Does Matter Belize s production is dwarfed by all of the regional producers; But Scale is Not the Only Consideration: A) Consistent quality is highly valued; B) Niche markets do exist for a certified product
Capitalizing on the Opportunity! Identify your Competitive Advantage Working together makes a difference. Our fortunes are inextricably tied; Compete Caribbean s Intervention can Make a Material Difference Access to Certification under Aquaculture Stewardship Council (ASC)
Key Take-Aways from our Clustering Experience Agree on the Industry s/Cluster priorities (Resources are limited); Recognize that our real competition is not internal but external (share technology with each other); Clustering will better prepare the firms for some of the fundamental current and post-pandemic market challenges. 1) 2) 3)
Thankyou! Thank you!
